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Mortgage REITs Clobbered as Leverage Forces Sales

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. Mortgage REITs Clobbered as Leverage Forces Sales. The rise in yields have wreaked havoc in the bond markets and even more so in mortgage-related Real Estate Investment Trusts (REITs). Pension Tsunami.

Sales 73
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Mish's Global Economic Trend Analysis: European Car Sales.

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. European Car Sales Plunge to 20-Year low. Amidst all the happy talk that Europe is on the verge of some sort of recovery, here is yet another counterpoint: European Car Sales Plunge to 20-Year Low.

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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Italy: Sharpest drop in retail sales since April. Germany: strongest sales growth for two-and-a-half years.

Retail 70
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Big Miss in Retail Sales vs. Expectations; Trend Change or Another

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"? Retail sales were up 0.4% May retail sales were revised lower, to +0.5% percent in June, the most since February 2008.

Retail 64
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Mish's Global Economic Trend Analysis: Jewel Food Store Amazing.

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. Hormel Cure 81 hams were allegedly on sale for $3.99 Kim notified me "the sale price was $3.99" and it was reflected on the receipt. December 2008 (85). November 2008 (78). October 2008 (108).

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Mish's Global Economic Trend Analysis: About that "Beat the Street.

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. How convenient, otherwise real GDP would have printed at 0.8%, prices constant. annualized real final sales per capita rates would have been reported as contracting. December 2008 (85).

Trends 74
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Mish's Global Economic Trend Analysis: Expect Another "Bad Bank.

MishTalk

Patrick Housing Crash News Top Housing and Commercial Real Estate News. Bay Area Real Estate Trends. The bad bank has 400,000 real estate assets but tens-of-thousands of the properties have no address. Clearly the pace of sales is very far below the business plan. December 2008 (85).

Banking 76